Business Process Reengineering, also known as BPR, has the power to transform a failing company into a successful company with vast financial growth. The trick is to execute and manage your company’s business process reengineering properly.
A lot of business owners do not understand the term “business process reengineering” or how much change to their organization it actually entails.
Business process reengineering means you are changing the entire business process of your organization by scrapping the old one and replacing it with something completely new. There is nothing easy about doing something this extreme.
When a company starts to lose customers and profits for a long period of time, it means the core business model of the company is not working so well anymore. In an effort to save the company, its leaders may decide to reengineer the entire company’s business process or model.
That way, they can hopefully lower their operating expenses and produce a better-quality product that people will want to purchase.
Business process reengineering requires a comprehensive analysis of all the workflows of the organization. If any of these workflow processes are found to be inefficient or unproductive, then they will either be eliminated or improved.